PenFed ballance transfer offer

[john398]

Got an email about 4.99% PenFed Baalance transfer offer,  does that mean I am pre approved or did they send that to eeveryone pretty much?

Its also above the my accounts line along with a Car Buying Servive and Real Estatew Rewards, but I know PenFed is very conservative

 Only have a savings account with them

[RSCo]

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@john398 wrote:

Got an email about 4.99% PenFed Baalance transfer offer,  does that mean I am pre approved or did they send that to eeveryone pretty much?

Its also above the my accounts line along with a Car Buying Servive and Real Estatew Rewards, but I know PenFed is very conservative

 Only have a savings account with them

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careful they will accuse you of pyramiding debt...  it's a trap...  very iffy with them...

[ilovelisa]

I get an e-mail about once a week about the 4.99% BT. I don't think it means you are preapproved. 

[john398]

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@ilovelisa wrote:

I get an e-mail about once a week about the 4.99% BT. I don't think it means you are preapproved. 

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thanks, I would not think so either

[SRAGS]

Too conservative, we can't judge. Be carefull.

[Revelate]

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@john398 wrote:

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@ilovelisa wrote:

I get an e-mail about once a week about the 4.99% BT. I don't think it means you are preapproved. 

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thanks, I would not think so either

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I got the same and other offers from Penfed recently.

There's no way I'm approved for them, zero, zip, swabo chance unless they reduced their underwriting requirements by an absurd amount;  I would strongly suggest not reading anything into the offers.

[john398]

ok I emailed penfed and they said:

Unfortunately, the message you received was not for a pre-approval offer. If you

wish to receive a PenFed Promise card, an application must be submitted to

consider your request.

Thanks everyone